Plain English with Derek Thompson

• The Democrats Have a New Winning Formula

  This week was a straight flush for Democrats. Zohran Mamdani completed his heroic arc to become mayor of the world’s most important city. Democrats ran up huge margins in the big governor races in Virginia and New Jersey, where Abigail Spanberger and Mikie Sherrill, respectively, won by double digits. What unified the three victories was the Democratic candidate’s ability to turn the affordability curse against the sitting president, transforming Republicans’ 2024 advantage into a 2025 albatross. Affordability is the Democrats’ new watchword. And it’s a good one. It speaks to Americans' direct concerns. It’s a big-tent subject, allowing a democratic socialist to offer one message in South Brooklyn and a moderate Democrat to offer another message in southern Virginia. Today’s guest is Matthew Yglesias, a writer whose site, Slow Boring, is a must-read for me and many others who follow politics and policy. We talk about the affordability theory of everything and its weaknesses, the Democrats’ big night, the lessons of Mamdani, persuasion, moderation, and much more. If you have questions, observations, or ideas for future episodes, email us at [email protected]. Host: Derek Thompson Guest: Matthew Yglesias Producers: Devon Baroldi Learn more about your ad choices. Visit podcastchoices.com/adchoices

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• How the American Revolution Changed the World, With Ken Burns

  Ken Burns—the award-winning filmmaker whose documentary films and television series on American history include 'The Civil War' (1990), 'Baseball' (1994), 'Jazz' (2001), and 'Country Music' (2019)—joins the show to talk about the American Revolution and the art of storytelling. If you have questions, observations, or ideas for future episodes, email us at [email protected]. Host: Derek Thompson Guest: Ken Burns Producers: Devon Baroldi Learn more about your ad choices. Visit podcastchoices.com/adchoices

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• The Problem With Sports Gambling

  Last week, an FBI investigation into gambling led to the arrest of several prominent basketball stars, raising questions about the state of legalized sports betting, which has enriched professional sports and sports media. The problems with sports gambling extend far beyond the integrity of the game. A 2024 working paper from economists at UCLA, Harvard, and USC found that states that legalized sports gambling after the 2018 ruling by the U.S. Supreme Court saw “a substantial increase in average bankruptcy rates, debt sent to collections, use of debt consolidation loans, and auto loan delinquencies. We also find that financial institutions respond to the reduced creditworthiness of consumers by restricting access to credit.” A separate analysis found that nearly one in five men aged 18-24 is on the spectrum of having a gambling problem. There’s no question that sports betting has taken over sports. It’s all over ESPN, all over my favorite sports podcasts. This podcast is a part of The Ringer Podcast Network, which has close relationships with the sports book FanDuel and has several shows devoted to gambling. I listen to them. Quite a lot, actually. It would be easier for me as the host of this episode if my position on gambling had the clarity of pure outrage. If I thought that gambling was a pure vice, a mere nuisance, and a total drag, I would say: Let’s just be done with it. On the opposite end, if I thought that legalized sports gambling posed no risk to bettors, didn’t threaten the integrity of professional sports, and represented an obvious improvement to the previous regime of black-market betting, I’d say: Ignore these moralizing bozos and place your 15-part parlay. The trouble is that I don’t have the advantage of clear outrage on this issue. I think that sports gambling is fun. And I think that it threatens the integrity of professional sports. And I think that it ruins some people’s lives. Today’s guest is Jonathan Cohen, the author of 'Losing Big: America’s Reckless Bet on Sports Gambling.' Like me, Jon is worried about the effect that legal sports gambling is having. Also like me, he sometimes bets on sports. Also like me, he listens to Ringer podcasts. If you have questions, observations, or ideas for future episodes, email us at [email protected]. Host: Derek Thompson Guest: Jonathan Cohen Producers: Devon Baroldi Learn more about your ad choices. Visit podcastchoices.com/adchoices

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• Michael Lewis on How the Global Financial Crisis Explains Trump, Crypto, and Everything Else

  Bestselling author Michael Lewis joins the show to talk about how bubbles happen, the legacy of 'The Big Short' and the global financial crisis, 'Moneyball' and how the data analytics revolution conquered sports and entertainment, the difference between being a good investor and being a good investigative journalist, and the craft of writing. Listen to the new audiobook of Michael's hit 'The Big Short' ⁠HERE⁠! If you have questions, observations, or ideas for future episodes, email us at [email protected]. Host: Derek Thompson Guest: Michael Lewis Producers: Devon Baroldi and Kaya McMullen Learn more about your ad choices. Visit podcastchoices.com/adchoices

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• What Happens When AI Learns to Do Our Jobs

  Today’s guest is Ethan Mollick. Ethan is a professor of management at Wharton, where he specializes in entrepreneurship and innovation. He is the author of the book 'Co-Intelligence: Living and Working With AI,' and his Substack, One Useful Thing, is the single most useful guide I have ever found to make sense of these tools and use them productively. But he’s also a deep thinker of the Alfred Chandler school of big ideas who wants to not only help individuals use the technology more efficiently but also understand what happens as tens of millions and billions of people use the technology to make themselves more productive or even, at times, obsolete. Host: Derek ThompsonGuest: Ethan MollickProducers: Devon Baroldi and Devon Renaldo Learn more about your ad choices. Visit podcastchoices.com/adchoices

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